What problem are they trying to solve? They want to recover the cost of managers. They can't get rid of the technical staff - they actually need them - but they can get rid of that expensive middle tier by automating the tracking part of management. Which all they think there is to management.
Before you all say "Woohoo", think of this: The CIO is now your boss. You are no longer a person, you're a resource. The only way he knows you or of you is a set of numbers on a report. You either make whatever metric they use to gauge your performance or you don't. They don't care if you're sick, or if you're taking care of a child, or if you've got a personal problem - you don't make the numbers and you're gone.
Anybody who thinks this is unlikely has never driven on back roads. Will they get rid of horns? I hope not.
As the GP said, they still exist. Those of us who still use film (I have two medium format cameras) can still buy Kodak color or black and white film and motion picture film is still available.
Not to mention that they make very nice rich boy toys, just like all of the other super cars.
Let's say all of the BART riders start driving in. They will find themselves adding more traffic to an already congested highway system that will never, ever, get any larger. There simply isn't the space. And once they get to work, good luck finding some place to park...
All great ideas are controversial, or have been at one time.